— bed, — bath on 20.13 acres in Spicewood. Spicewood, TX 78669. $2,500,000.
About This Home
We are excited to announce the availability of a new commercial property in Spicewood, TX. This property spans 20.130 acres and is located on Highway 71. It offers a prime location for business owners looking to establish themselves in the area. The property is easily accessible and offers ample space for a variety of commercial uses. Don't miss out on this opportunity to invest in a growing community. Contact us for more information and to schedule a viewing.
A rare 20.13-acre commercial holding on Highway 71 in Spicewood represents one of the few remaining large-format development opportunities in Burnet County's fastest-growing corridor. This property sits at a critical intersection of Central Texas expansion, where Austin's growth trajectory meets rural Hill Country character, making it equally suited for hospitality, retail, office, or mixed-use development.
The Highway 71 corridor through Spicewood has emerged as a strategic commercial zone over the past five years. Unlike properties deeper in Burnet County, this location benefits from direct visibility and access to one of the region's primary east-west thoroughfares. The property's 20-acre footprint provides the rare flexibility that most commercial operators need but rarely find in established areas. Development-ready land at this scale typically commands premium prices in adjacent counties, yet this Spicewood parcel offers significantly more runway for creative site planning.
Proximity matters here. The property sits within reasonable distance of Spicewood's residential expansion zones, where new home construction has accelerated substantially. Highway 71 itself functions as the de facto commercial spine for the area, linking smaller business clusters that have formed around Spicewood proper. This geographic positioning means traffic patterns are already established and growing, a major advantage for any retail or service-oriented business model.
The underlying economics favor this location's timing. Burnet County has seen consistent population growth over the past decade, with the Spicewood area specifically benefiting from spillover development from the Marble Falls direction and Lakeway's westward reach. Commercial real estate here has not experienced the saturation that plagues closer-in Austin markets, meaning land costs remain rational relative to visibility and traffic counts.
After 1008 days on the market, this property has tested buyer appetite thoroughly. That extended timeline likely reflects pricing calibration or development timing misalignment rather than fundamental issues with the land itself. For the right operator or developer with a specific use case, this acreage offers a blank canvas and significant development potential without the escalated land costs of more established commercial corridors. The long listing period actually signals opportunity for a motivated buyer who understands Spicewood's growth trajectory and has the vision to execute on it.
The numbers behind this insight
- Offered at
- $2,500,000
- Listed
- June 12, 2023
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $595 per sq ft over the trailing 12 months (384 sales), as of November 4, 2026.
- Property Type
- Commercial Sale
- Lot Size
- 20.13 acres
Listing information last updated August 23, 2026.
Listed by Texas Hills and Lakes RE
MLS# 8390362 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 20.13 Acres
Financial
- Original List Price
- $2,350,000
Transaction History
1 record on file
Every recorded listing, sale, and lease at 8530 Hwy. 71, whoever represented it.
- ActiveListed 2023Current price: $2,500,000Original list: $2,350,000MLS 8390362
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $2,500,000
- Original list
- $2,350,000
- Price movement
- No verified reduction
- Listed / DOM
- Jun 12, 2023 · 1,241 days
District Schools Nearby
Lake Travis High School
Bee Cave Middle School
Hudson Bend Middle School
Lake Pointe Elementary
Lakeway Elementary
Bee Cave Elementary
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($500K)
Adjustable assumption - not a lending recommendation.
Home price
$2,500,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$2,500,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
1,241 days
Original to current
No verified reduction
$2.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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